The Boardroom Blog

‘Comply or explain’ is working, says FRC

Wednesday, December 14, 2011 | Posted by: Ben Langford
Categories: Governance, Stewardship Code, Thought Leadership | Tags: governance, FRC, Corporate Governance, FTSE 350, Corporate Governance Review, UK Corporate Governance Code, Stewardship Code, guidance, Turnbull, comply or explain, Financial Reporting Lab, institutional investors

The Financial Reporting Council (FRC), which oversees the UK’s corporate governance codes, released a new report today showing a strong uptake of new provisions among companies and shareholders. But the review also highlights some ongoing areas of concern…

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Corporate Governance Review 2011: Four areas for FTSE 350 to refocus on

Wednesday, November 23, 2011 | Posted by: Simon Lowe
Categories: Governance, Thought Leadership | Tags: governance, risk, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, annual report, risk management, diversity, chairman, principal risks, comply or explain, annual reports, FTSE 100, FTSE 250

Our 10th annual Corporate Governance Review highlights the current trends and challenges that face the FTSE 350. While the UK’s top performing companies have made considerable achievements over the last decade, the review shows where the new focus areas lie.

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Highlights from the 2011 FTSE 350 Corporate Governance Review

Wednesday, October 26, 2011 | Posted by: Simon Lowe
Categories: Governance | Tags: governance, FRC, compliance, FTSE 350, Board, diversity, chairman, comply or explain, auditor, Davies report, transparency, effectiveness, internal control

Discover the key findings on compliance, board diversity, remuneration and other governance issues in our FTSE 350 Corporate Governance Review, published next month.

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Pressure remains on companies to improve female representation on boards

Thursday, October 13, 2011 | Posted by: Ben Langford
Categories: Governance, Non-executive director | Tags: FTSE 350, Board, women, boardroom, gender, diversity, women in business, female, review, quotas, Lord Davies, directors, representation, Ben Langford, Davies report

Fresh changes to the UK Corporate Governance Code by the Financial Reporting Council (FRC) this week seek to “strengthen the principle of boardroom diversity” – and companies are being urged to respond rapidly.

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The future of narrative reporting

Thursday, October 13, 2011 | Posted by: Simon Lowe
Categories: FRC, Governance | Tags: governance, FRC, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, financial reporting, BIS, annual reports, IIRC, Ben Langford, narrative reporting

Government plans to rationalise the structure, format and content of annual reports are aimed to improve clarity for investors.

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UK boards need more women directors – but how?

Thursday, March 03, 2011 | Posted by: Ben Langford
Categories: Governance, Non-executive director | Tags: statistics, research, compliance, FTSE 350, Board, women, gender, diversity, female, review, rotation of directors, 30 percent club, quotas, Lord Davies, directors, representation, inclusion

Companies have a last chance to increase female representation on boards from 9% to 25%, with the threat of quotas if they fail to comply.

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Eight key changes in UK Corporate Governance Code

Thursday, February 17, 2011 | Posted by: Fiona Cullinan
Categories: Governance, Research | Tags: governance, FRC, FTSE 350, Board, non-executive director, women, gender, remuneration, UK Corporate Governance Code, diversity, NED, bonuses, chairman, Turnbull

In the fast-changing landscape of UK corporate governance, what are the key recent changes that UK boards need to be aware of?

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Bribery Act debate: Adequate procedures?

Monday, February 07, 2011 | Posted by: Grant Thornton
Categories: Corruption | Tags: FTSE 350, Bribery Act, bribe, robust internal controls, associated persons, adequate procedures

Sterl Greenhalgh, partner and head of Grant Thornton’s anti-corruption group, talks about adequate procedures and how businesses are not struggling to understand what they are, but cites aspects of the legislation such as ‘associated persons’ as areas causing UK business the most problems.

Download our guide ‘Navigating the Anti-Corruption Maze’ to assist you in understanding the risks and how to implement an appropriate system of adequate procedures in your business

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The governance landscape is changing - are you ready?

Friday, December 10, 2010 | Posted by: Simon Lowe
Categories: Governance, Research, Thought Leadership | Tags: FTSE 350, board, UK Corporate Governance Code, Stewardship Code, chairman, governance,

Our 2010 FTSE 350 Corporate Governance Code highlights key issues in governance trends in the UK’s leading companies and assesses whether they are prepared for the requirements of new governance guidance

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Part 2 - Peter Butler, Governance for Owners on the Stewardship Code and the role of the Chairman.

Wednesday, May 26, 2010 | Posted by: Grant Thornton
Categories: Governance, Non-executive director, Stewardship Code | Tags: FT, risk, FTSE 350, non-executive director, Stewardship Code, Peter Butler, corporate governance review

Part 2 of our interview with Peter Butler, Chief Executive and Founding Partner, Governance for Owners at the recent Financial Times Non Executive Directors’ Club on The FTSE 350 Corporate Governance Review Highlights.

Peter gave us his thoughts on the impact of the proposed Stewardship Code and the role of the Chairman.

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Part 1 - Peter Butler, Governance for Owners on the Stewardship Code and the role of the Chairman.

Wednesday, May 26, 2010 | Posted by: Grant Thornton
Categories: Governance, Non-executive director, Stewardship Code | Tags: FT, risk, FTSE 350, non-executive director, Stewardship Code, Peter Butler, corporate governance review

Part 1 of our interview with Peter Butler, Chief Executive and Founding Partner, Governance for Owners at the recent Financial Times Non Executive Directors’ Club on The FTSE 350 Corporate Governance Review Highlights.

Peter gave us his thoughts on the impact of the proposed Stewardship Code and the role of the Chairman.

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Risk, Fraud and Corruption workshop for experienced non-executive directors

Thursday, May 06, 2010 | Posted by: Grant Thornton
Categories: Corruption, Fraud, Governance, Non-executive director, Risk | Tags: FTSE 350, non-executive director, UK Corporate Governance Code, corporate governance review

The Financial Times Non-Executive Directors Club is holding a practical and interactive workshop for experienced non-executives on 10 June 2010 to discuss the implications of risk, fraud and corruption to the non-executive directors’ role.

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High profile panel to debate the impact of governance on NEDs

Monday, March 01, 2010 | Posted by: Grant Thornton
Categories: Governance, Non-executive director | Tags: FT, FRC, Simon Lowe, FTSE 350, non-executive director, Luke Johnson, UK Corporate Governance Code, Peter Butler, corporate governance review, Sir Christopher Hogg, Seamus Gillen, ICSA, Risk Capital Partners, Financial Reporting Council, Owners

The Financial Times Non-Executive Directors Club is holding a twilight event on 11 March to discuss the implications to the non-executive directors’ role in light of recent governance releases. 

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Grant Thornton recommends Murray Audit Firm Governance Code to investment community

Thursday, January 28, 2010 | Posted by: Grant Thornton
Categories: Governance | Tags: governance, FRC, FTSE 350, ICAEW, Murray, Audit Firm Governance Code

Grant Thornton UK LLP CEO Scott Barnes has welcomed the publication of the FRC and ICAEW’s Audit Firm Governance Code (the Code) as a positive step in promoting investor confidence in the auditing of listed companies, and promoting competition in the audit market.

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FTSE 350 governance - job done?

Tuesday, January 12, 2010 | Posted by: Grant Thornton
Categories: Governance | Tags: Grant Thornton, governance, Corporate Governance, compliance, Simon Lowe, FTSE 350, Corporate Governance Review, Walker

The results are in for the 2009 Corporate Governance Review - is it job done for the FTSE 350?

- Companies comply with, on average, 91% of the Code’s provisions
- 68% of those who choose ‘explain’ now give more informed disclosure to support their non-compliance
- Of those who ‘explain’, 75% are compliant with all but one or two Code provisions
- 66% of the FTSE 350 produce a separate corporate responsibility report

Perhaps not….

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Non-executives in the spotlight again

Wednesday, December 16, 2009 | Posted by: Simon Lowe
Categories: Governance, Non-executive director | Tags: risk, FRC, Simon Lowe, FTSE 350, Non-executive director, Walker review, Governance, Corporate Governance review

The recent release of the Walker Review and the proposed reforms to the Combined Code set out by the FRC see further challenges set for NEDs and increased engagement by institutional investors.

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Michelle Edkins, Barclays Global Investors on the Walker Review and changes to the Combined Code

Wednesday, December 09, 2009 | Posted by: Grant Thornton
Categories: Governance, Non-executive director | Tags: governance, FT, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, Michelle Edkins, Financial Times, Barclays Global Investors

Interview with Michelle Edkins Managing Director, Head of Corporate Governance, Europe at Barclays Global Investors, at the launch event of the Financial Times Non-Executive Directors’ Club on 10 November 2009. 

Simon Lowe, partner and author of the FTSE 350 Corporate Governance Review, was able to capture some pearls of wisdom on film, by speaking to Michelle Edkins about investor engagement and why she advises against talking about ‘corporate governance’

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Non-Exec experience rises on FTSE 350 Boards

Thursday, November 26, 2009 | Posted by: Grant Thornton
Categories: Governance, Non-executive director | Tags: governance, FT, risk, FRC, Simon Lowe, FTSE 350, non-executive director, listed, NEDs, Business Risk Services

FTSE 350 non-executive directors (NEDs) now have greater levels of direct sector experience and are more numerous than in 2003, a new study undertaken by business and financial advisers Grant Thornton for the Financial Reporting Council (FRC) has revealed.

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